Everything You Need To Know About S&P Earnings In One Huge Chart

From Goldman's Weekly Kickstart note, a great breakdown of
S&P 500 earnings (so far) categorized by sector, showing
which have been beating on earnings and revenue and which have
come up short.

The real insight here is in the "surprise" columns for both
earnings and revenue.

As you can see, 42% of companies have had a positive earnings
surprise. Just 19% have had a positive revenue surprise, meaning
companies are (once again) doing much better squeezing out
productivity and keeping wages down than they are growing the top
line (growing the business).

This has been the trend for awhile, leading to record high
corporate profit margins (which some view as unsustainable) but
for now they're holding on.